Stock Market & Financial Investment News

American Airlines, JetBlue discontinue partnership American Airlines (AAL) and JetBlue Airways (JBLU) plan to terminate their interline traffic agreement and reciprocal frequent flyer program accrual agreement, which includes select routes from Boston Logan International Airport and New York's John F. Kennedy International Airport. Beginning today, each airline will no longer accept new interline sales for travel on the other carrier. Effective April 1, customers will no longer earn miles or points when traveling on eligible routes operated by the other airline. All American AAdvantage miles or JetBlue TrueBlue points already accrued through this partnership will be credited to customers' accounts and are not affected. The two airlines are working together to ensure these changes have little impact to customers.

JetBlue reports Q2 EPS 44c, consensus 44cReports Q2 revenue $1.61B, consensus $1.62B. Revenue passenger miles for Q2 increased 8.7% to 10.5B on a capacity increase of 7.5%, resulting in a second quarter load factor of 85.6%, an increase of 1.0 points year over year. Yield per passenger mile in the second quarter was 14.28c, up 0.2% compared to the second quarter of 2014. Passenger revenue per available seat mile, or PRASM, for Q2 increased 1.4% year over year to 12.22c and operating revenue per available seat mile, or RASM increased 0.4% year over year to 13.17c.

American Airlines says combined company exceeding estimated for synergiesManagement stated that the company doesn't know when PRASM will turn positive. Management further stated that they are bullish on the company and bullish on the stock and as long as the market allows for it, share repurchases will continue.

On The Fly: Pre-market Movers UP AFTER EARNINGS: Amazon (AMZN), up 20.7%... Pandora (P), up 10.3%... Juniper (JNPR), up 9.1%... Visa (V), up 6.7%... Starbucks (SBUX), up 5%... Skyworks (SWKS), up 2.6%... American Airlines (AAL), up 2.1%. ALSO HIGHER: SolarCity (SCTY), up 2.5% after being upgraded to Outperform from Neutral at Baird. DOWN AFTER EARNINGS: Tripadvisor (TRIP), down 8.5%... Biogen (BIIB), down 14.1%.